Ohio § 5703.261 Payment with nonnegotiable or dishonored instrument - penalty

Ohio Statutes

§ 5703.261 — Payment with nonnegotiable or dishonored instrument - penalty

Ohio § 5703.261

Title 57Taxation

Ch. 5703Department Of Taxation

This text of Ohio § 5703.261 (Payment with nonnegotiable or dishonored instrument - penalty) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 5703.261 (2026).

Text

(A)As used in this section:

(1)"Instrument" has the same meaning as in section1303.03of the Revised Code.

(2)"Financial transaction device" has the same meaning as in section113.40of the Revised Code.

(B)If a taxpayer or employer required by any tax administered by the department of taxation to pay taxes, penalties, interest, or other charges arising from unpaid taxes makes payment of the taxes, penalties, interest, or other charges with a dishonored instrument, an instrument that is determined to be nonnegotiable, or with any financial transaction device that is declined, returned, or dishonored, a penalty of fifty dollars shall be added to the amount due. The penalty imposed by this section shall be assessed and collected in the same manner as the taxes, penalties, inter

Free access — add to your briefcase to read the full text and ask questions with AI

(A) As used in this section:

(1) "Instrument" has the same meaning as in section1303.03of the Revised Code.

(2) "Financial transaction device" has the same meaning as in section113.40of the Revised Code.

(B) If a taxpayer or employer required by any tax administered by the department of taxation to pay taxes, penalties, interest, or other charges arising from unpaid taxes makes payment of the taxes, penalties, interest, or other charges with a dishonored instrument, an instrument that is determined to be nonnegotiable, or with any financial transaction device that is declined, returned, or dishonored, a penalty of fifty dollars shall be added to the amount due. The penalty imposed by this section shall be assessed and collected in the same manner as the taxes, penalties, interest, or other charges. All or part of any penalty imposed under this section may be abated by the tax commissioner. The commissioner may assess only one penalty under this section against the same instrument or the same financial transaction device for the same payment.